Common use of SECURITY AND DECLARATION OF TRUST Clause in Contracts

SECURITY AND DECLARATION OF TRUST. 3.1 As continuing first fixed security for the payment or discharge of the Secured Amounts, and subject always to Clause 4 the Issuer with full title guarantee hereby conveys, assigns and transfers by way of security to and in favour of the Note Trustee for itself and on trust for the Noteholders, the Swap Counterparty and for the Expenses Loan Provider:

SECURITY AND DECLARATION OF TRUST. 3.1 As continuing first fixed security for the payment or discharge of the Secured Amounts, and Amounts subject always to Clause 4 4, and excluding any Deferred Subscription Price Amount, the Issuer with full title guarantee hereby conveys, assigns and transfers by way of security to and in favour of the Note Trustee for itself and on trust for the Noteholders, the Swap Counterparty and for the Expenses Loan Provider: